SALES AND HIGHLIGHTS 2019 THIRD QUARTER 1 SALES 9M 2019
DISCLAIMER This presentation does not constitute an offer to sell securities in the United States or any other jurisdiction. No reliance should be placed on the accuracy, completeness or correctness of the information or opinions contained in this presentation, and none of EDF representatives shall bear any liability for any loss arising from any use of this presentation or its contents. The quarterly financial information is not subject to an auditor’s report. The present document may contain forward- looking statements and targets concerning the Group’s strategy, financial position or resul ts. EDF considers that these forward-looking statements and targets are based on reasonable assumptions as of the present document publication, which can be however inaccurate and are subject to numerous risks and uncertainties. There is no assurance that expected events will occur and that expected results will actually be achieved. Important factors that could cause actual results, performance or achievements of the Group to differ materially from those contemplated in this document include in particular the successful implementation of EDF strategic, financial and operational initiatives based on its current business model as an integrated operator, changes in the competitive and regulatory framework of the energy markets, as well as risk and uncertainties relating to the Group’s activities, its international scope, the climat ic environment, the volatility of raw materials prices and currency exchange rates, technological changes, and changes in the economy. Detailed information regarding these uncertainties and potential risks are available in the Universal Registration Document (URD) of EDF filed with the Autorité des marchés financiers on 29 July 2019, which is available on the AMF's website at www.amf-france.org and on EDF’s website at www.edf.fr. EDF does not undertake nor does it have any obligation to update forward-looking information contained in this presentation to reflect any unexpected events or circumstances arising after the date of this presentation. 2 SALES 9M 2019
KEY FIGURES AT 30 SEPTEMBER 2019 9M 2018 ∆% ∆% org. (2) (in millions of Euros) 9M 2019 restated (1) SALES 49,276 50,941 +3.4 +2.9 Organic growth of sales mainly driven by: favourable market conditions for the Generation & supply activities in France growth of Group energy services activities good performance of EDF Trading and better use of the Group’s gas capacities performance of activities in Belgium and Brazil (1) The disposal of Edison's Exploration and Production (E&P) activity was classified as a discontinued operation within the meaning of IFRS 5 as of 1 January 2019. The 2018 published sales amount was restated due to the impact linked to the Edison E&P activity presentation as a discontinued operation. (2) Organic change at comparable scope and exchange rates. 3 SALES 9M 2019
HIGHLIGHTS AND DEPLOYMENT OF CAP 2030 (1/3) Record level of projects under construction by EDF Renewables: Start of construction for 2.4GW in 9 months bringing the total under construction at end-September 2019 to 4.7GW gross (x2 vs. end-December 2018) Wind power and Offshore RENEWABLE • Launch of the construction of the first French offshore wind farm in Saint-Nazaire ENERGIES (480MW) • Acquisition of a pipeline of 300MW wind projects under development in Germany Solar : commissioning of 2 solar power plants in Egypt at Benban with a total installed capacity of 130MWp, holding a 25-year power purchase agreement (PPA) Acquisition of Pivot Power , a British company specialised in battery storage and infrastructure for electric vehicle charging (portfolio of projects with a potential capacity of up to 2GW) STORAGE AND Acquisition of PowerFlex Systems in the USA, a company combining solar energy ELECTRIC generation and storage with smart charging solutions for electric vehicle technology or MOBILITY PLANS building load Nissan and EDF Group partner to accelerate the adoption of Electric Vehicle and grid integration across Europe (smart charging solutions) 4 SALES 9M 2019
HIGHLIGHTS AND DEPLOYMENT OF CAP 2030 (2/3) ARENH : volume ceiling maintained for 2020 and price unchanged at this stage Energy saving certificates (CEE): 1 year extension until 2021 for the 4 th period. Draft REGULATORY decree from the French Ministry of Ecological and Solidarity Transition submitted to the DEVELOPMENT French State Council on 9 October 2019 Capacity mechanism in Great Britain: Positive decision by European Commission on 24 October 2019, with the British government reinstating the Capacity market Sales offensive • 460,000 residential electricity customers under market offers signed-up in France • More than 1.5 million residential gas customers in France CUSTOMERS AND Dalkia : further commercial development with the renewal or the signature of new contracts SERVICES (power network at La Grande Motte and energy facilities for the Nouvelle Aquitaine Regional Council) Linky : installation of the 21 millionth smart meter at end-September 5 SALES 9M 2019
HIGHLIGHTS AND DEPLOYMENT OF CAP 2030 (3/3) Nuclear output • France: 288.2TWh, -1.8TWh vs. 9M 2018 due to a lower availability of the nuclear fleet • United Kingdom: 36.8TWh, -9.1TWh vs. 9M 2018 mainly related to extended outages at Hunterston B and Dungeness B Taishan (EPR in China) • Unit 2: commercial commissioning on 7 September 2019 • Unit 1: generation of more than 10TWh since the commissioning NUCLEAR Hinkley Point C (1) : project completion cost revised to £21.5bn - £22.5bn (2) Flamanville 3 (3) • Fuel loading planned for end-2022 • Estimated construction cost revised to € 12.4bn (4) • Start of the second hot functional test phase on site Fessenheim (5) : protocol agreement signature whereby the State will compensate EDF for the early closure of Fessenheim. This compensation will comprise initial instatements for a total of nearly € 400m (1) See press release of 25 September 2019. (2) In 2015 sterling, excluding interim interest and excluding forex effect versus the reference exchange rate for the project of 1 sterling = 1.23 euro. (3) See press release of 9 October 2019. (4) In 2015 euros and excluding interim interest. (5) See press release of 30 September 2019. 6 SALES 9M 2019
GROUP SALES Organic change: +2.9% (1) (In € m) 50,941 49,276 (2) +182 +403 +251 +28 -134 +15 +128 -80 -208 +1,080 Other activities 2,159 2,055 Other United Scope & Other Other 1,938 France EDF France Italy Dalkia Framatome activities Kingdom international forex & international 1,667 – Renewables – inter- Regulated Generation segment 5,659 Italy activities & supply 5,736 elimination activities 6,392 United Kingdom 6,466 Framatome 2,346 2,290 Dalkia 2,903 2,760 49 % EDF Renewables 1,163 36 % 1,090 France – Regulated 11,437 11,571 activities France – 39 % 31 % Production & 20,079 18,942 commercialisation Inter- segment (3,135) (3,301) elimination 9M 2018 9M 2019 (1) Organic change at comparable scope and exchange rates. restated (2) (2) The 2018 sales amount was restated due to the impact linked to the Edison E&P activity presentation as a discontinued operation. 7 SALES 9M 2019
FRANCE NUCLEAR OUTPUT -0.6% (in TWh) 2018 cumulated output 290.0 288.2 +0.5% 2019 cumulated output 203.7 202.6 -1.0% 112.9 111.8 Q1 H1 9M 8 SALES 9M 2019
FRANCE HYDRO OUTPUT (In TWh) Seasonal mins. 2017 cumulative output (1) Normal hydro and maxs. productibility levels between 2009 2018 cumulative output (1) and 2019 -27.6% 2019 cumulative output (1) (2) vs. 9M 2018 160% 38.0 2018 -31.6 % 140% Very vs. H1 2018 good rainfall in 29.4 28.6 October 27.5 120% 21.3 100% -32.2 % 20.1 vs. Q1 2018 2017 14.6 80% 10.8 9.9 2019 60% 40% March June Sept. Dec. H1 Q1 9M (1) Hydropower excluding French islands electrical activities, before deduction of pumped volumes. (2) After deduction of pumped volumes, output amounts to 23.5TWh in 9M 2017, 32.7TWh in 9M 2018 and 23.0TWh in 9M 2019. 9 SALES 9M 2019
FRANCE UPSTREAM/DOWNSTREAM BALANCE (in TWh) ∆ 9M 2019 ∆ 9M 2019 OUTPUT/PURCHASES vs. 9M 2018 CONSUMPTION/SALES vs. 9M 2018 -9 368 368 -9 Purchase obligations 41 +3 -12 Net market sales 49 LT & structured purchases 5 +1 Fossil-fired 7 -1 27 Hydropower (1) -10 +18 ARENH supply 90 Structured sales, -0 30 auctions and other (2) Nuclear 288 -2 End customers 199 -15 NB: EDF excluding French islands electrical activities. (1) Hydro output after deduction of pumped volumes: 23.0TWh. (2) Including hydro pumped volumes of 4.5TWh. 10 SALES 9M 2019
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